How to cancel Bybit leverage

To cancel leverage on Bybit, navigate to the Trading Terminal, access the Position Panel, select the position, adjust leverage to "0x," confirm with a password, and monitor position closure.

Nov 13, 2024 at 03:46 pm

How to Cancel Bybit Leverage

Bybit, a prominent cryptocurrency exchange, offers leverage trading to its users, allowing them to amplify their profits (or losses) by trading with borrowed funds. However, it's crucial to manage leverage cautiously, and understanding how to cancel it is essential for responsible trading.

Steps to Cancel Leverage on Bybit:

1. Log into Your Bybit Account:

Visit the Bybit website and enter your email address and password to access your account.
Ensure you have two-factor authentication (2FA) enabled for enhanced security.

2. Navigate to the Trading Terminal:

From the homepage, click on "Trade" in the top menu bar.
Select the appropriate trading pair (e.g., BTC/USDT) on the left-hand side.
The trading terminal will display the order book, chart, and order entry fields.

3. Access the Position Panel:

At the bottom of the trading terminal, you will see the "Positions" panel.
This panel displays information about your current open positions, including leverage ratio, liquidation price, and margin balance.

4. Select the Position to Cancel:

If you have multiple open positions, identify the one you wish to cancel.
Click on the position to highlight it.

5. Adjust Leverage:

Below the selected position, you will see the "Leverage" field and a slider.
Drag the slider to "0x" to cancel the leverage completely.
You can also enter "0" directly into the leverage field.

6. Confirm Cancellation:

After adjusting the leverage to "0x," click on the "Close" button to confirm the cancellation.
A confirmation dialogue box will appear.
Enter your password to authorize the cancellation.

7. Monitor Position Closure:

Once you confirm the cancellation, the position will start closing.
You can track the progress in the "Positions" panel.
The position will be fully closed when it reaches the liquidation price or when the price moves in your favor.

Additional Considerations:

Canceling leverage does not guarantee profit or prevent losses.
It's advisable to cancel leverage when the market is moving against your position to minimize potential losses.
Always use leverage responsibly and within your risk tolerance.
Consider using trailing stop-loss orders to mitigate risk and manage your open positions effectively.
If you encounter any difficulties during the cancellation process, contact Bybit customer support for assistance.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

AXL

$0.5614

71.32%

Trade Now
POKT

$0.0677

41.82%

Trade Now
KEEP

$0.0872

26.66%

Trade Now
PCI

$0.1418

26.55%

Trade Now
AIOZ

$0.4230

25.05%

Trade Now
ANON

$5.62

23.37%

Trade Now

Latest Crypto News

Bridging the Trust Deficit to Move Crypto from Niche Market to Mainstream Adoption
2025-06-10 20:06:05
21Shares Files for an S-1 Registration Statement with the SEC to Launch a Sui Network (SUI) ETF
2025-06-10 20:06:05
SOL Strategies Completes Initial $20 Million Closing of USD $500 Million Convertible Note Facility
2025-06-10 20:01:09
BlockDAG (BDAG) Takes a Different Route to Market, Launching New Podcast Series to Outline its Roadmap
2025-06-10 20:01:09
Petrol prices have dropped to a near four-year low
2025-06-10 19:55:12
A New Stablecoin Is Making Its Way Onto Telegram's Billion-User Network
2025-06-10 19:55:12

Related knowledge

Binance Futures Opening and Closing: The Difference between Counterparty Price and Limit Price

Jun 10,2025 at 05:35am

What Is Binance Futures?Binance Futures is a popular trading platform that allows users to trade cryptocurrency futures contracts. These contracts enable traders to speculate on the future price of cryptocurrencies such as Bitcoin, Ethereum, and many others without actually owning the underlying asset. One of the key features of Binance Futures is its o...

Binance Spot Trend Trading: A Method of Profiting by Following the Trend

Jun 10,2025 at 06:08pm

Understanding the Basics of Binance Spot Trend TradingSpot trend trading on Binance involves buying and selling cryptocurrencies directly, rather than through futures or options. The core idea is to identify and follow ongoing market trends — either upward (bullish) or downward (bearish). Unlike scalping or day trading, which focus on short-term price f...

Binance Futures Index Price: The Principle of Avoiding Pins

Jun 10,2025 at 11:28am

What is the Binance Futures Index Price?The Binance Futures Index Price serves as a critical mechanism for ensuring fair and accurate pricing across futures contracts on the Binance platform. It aggregates data from multiple spot exchanges to calculate a robust, representative price that reduces the impact of short-term volatility or manipulation. This ...

Binance Futures Trading Basics: A Complete Introduction to Contract Types

Jun 09,2025 at 10:21pm

Understanding Binance Futures TradingBinance Futures is a popular derivative trading platform that allows users to trade contracts based on the future price of cryptocurrencies. Unlike spot trading, where you buy or sell actual crypto assets, futures trading involves entering into agreements to buy or sell an asset at a predetermined price and date in t...

Efficient contract trading volume and price coordination tactics

Jun 07,2025 at 12:56am

Understanding Contract Trading VolumeContract trading volume refers to the number of contracts traded within a specific timeframe in the cryptocurrency market. This metric is crucial as it indicates the level of interest and activity in a particular contract. High trading volumes often suggest strong market interest and liquidity, which can lead to more...

Small capital doubling K-line engulfing pattern teaching

Jun 05,2025 at 04:42pm

Understanding the K-Line Engulfing PatternThe K-line engulfing pattern is a crucial technical analysis tool used by traders in the cryptocurrency market to predict potential trend reversals. This pattern consists of two candles, where the second candle completely engulfs the body of the first candle. There are two types of engulfing patterns: bullish an...